The Sixers‘ first formal offer for restricted free agent Quentin Grimes, which occurred on Wednesday, was a four-year, $39MM contract, agent David Bauman told Gina Mizell of The Philadelphia Inquirer.
According to Mizell, a source familiar with the negotiations “slightly pushed back” on that statement, noting the two sides have had “hours and hours” of contract discussions this offseason while characterizing the team’s offer as tentative rather than firm.
Bauman thinks Grimes should be earning $20-25MM annually on his next deal, which Philadelphia is unwilling to offer, Mizell writes.
Despite the significant gap in Grimes’ perceived long-term value, the Sixers still value the 25-year-old shooting guard, viewing him as a “significant part” of their future, that same source told The Inquirer.
Bauman, who confirmed to Mizell that Grimes won’t attend Friday’s media day or travel with the team for a pair of preseason contests in Abu Dhabi, said Grimes’ absence shouldn’t be viewed as a holdout.
As first reported by ESPN’s Shams Charania, the most likely outcome appears to either be Grimes accepting his $8.7MM qualifying offer or signing a more lucrative one-year deal while waiving his implied no-trade clause, Mizell writes.
According to Mizell, Bauman has asked the 76ers to extend Grimes’ deadline to accept the QO. The current deadline is next Wednesday, October 1, but a team and player can agree to push it back.
Grimes was acquired from Dallas in a February trade, joining a Sixers team that was decimated by injuries and had difficulty fielding a competitive roster. He averaged a career-best 21.9 PPG in 28 contests with Philadelphia, also posting career-best marks of 5.2 RPG, 4.5 APG and 1.5 SPG in 33.7 MPG.